Tenure, Permitting and Project Location
Greenland Minerals and Energy Ltd (ABN 85 118 463 004) is a company listed on the Australian
Company has conduct extensive exploration and evaluation of license
EL2010/02. The Company controls 100% of EL2010/02 through its Greenlandic subsidiary.
The tenement is classified as being for the exploration of minerals. The project hosts significant uranium,
rare earth element, and zinc mineral resources (JORC-code compliant) within the northern Ilimaussaq
Historically the Kvanefjeld deposit, which comprises just a small portion of the Ilimaussaq Complex, was
investigated by the Danish Authorities. GMEL has since identified a resource base of greater than 1
billion tonnes, including the identification and delineation of two additional deposits. The Company has
conducted extensive metallurgical and process development studies, including large scale pilot plant
Greenland Minerals and Energy Limited is permitted to conduct all exploration activities and feasibility
studies for the Kvanefjeld REE-uranium project. The company’s exploration license is inclusive of all
economic components including uranium and REEs.
A pre-feasibility study was completed in 2012, and a comprehensive feasibility study completed in 2015.
A mining license application was handed over to the Greenland Government in December 2015, which
addresses an initial development strategy. The project offers further development opportunities owing
to the extensive mineral resources.
The exploration lease covers an area of 80km
in Nakkaalaaq North on the southwest coast of
Greenland. The project is located around 46° 00’W and 60 55’N.
The town of Narsaq is located approximately 8 kilometres to the south west of the license area. Narsaq
is connected to Narsarsuaq International Airport by commercial helicopter flights operated by Air
Greenland. Local transport between settlements is either by boat or by helicopter.
The Company has office facilities in Narsaq where storage, maintenance, core processing, and
exploration activities are managed. This office supports the operational camp located on the Kvanefjeld
Plateau above the town where the operational staff are housed.
Access to the Kvanefjeld plateau (at approximately 500m asl) is generally gained by helicopter assistance
from the operations base located on the edge of the town of Narsaq. It is possible to access the base of
the plateau by vehicle and then up to the plateau by a track.